911 versus Taycan prices
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Taycan outsold the 911 in 2021 and would have in 2022 if not for supply chain issues...
As far as unit pricing, I think people are more willing to splurge on their occasional use car (most 911's) vs their daily drivers (most taycan's).
As far as unit pricing, I think people are more willing to splurge on their occasional use car (most 911's) vs their daily drivers (most taycan's).
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I can attest from the payout that I received for my totaled Taycan 4S that Taycan values are indeed quite robust, even by insurance company valuation standards.
Taycan allocations remain tough to come by and the waits are long. While not quite as silly, the Taycan market is very much 911-like -- these cars hold their value well. And you know what, they are totally worth it.
Taycan allocations remain tough to come by and the waits are long. While not quite as silly, the Taycan market is very much 911-like -- these cars hold their value well. And you know what, they are totally worth it.
Last edited by detansinn; Feb 18, 2023 at 03:24 PM.
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A lot of the price fluctuations in the EV market are a result of lack of supply and choices (i.e., not just sheer number of cars, but variety of cars and SUV/Trucks), government incentives (tax credits, etc.) and saturation of demand.
When the Taycan was first introduced in 2019, there were literally only 3 or 4 pure EVs on the market (Tesla S, 3 and X), Leaf, BMW i3, Chevy Volt (and maybe the Prius Prime). And none of those (save for maybe the Model S were competitors to the Taycan.
Fast forward to current day, some 4-5 years later, there are many more options on the market in the Taycan price-range, from the existing Tesla, to the new Audi e-tron GT, MB EQS, to the BMW i7, to the Lucid. Add to that the expiration of subsidies and incentives, it's no surprise that the Taycan would experience some price deflation and resale price pressure.
When the Taycan was first introduced in 2019, there were literally only 3 or 4 pure EVs on the market (Tesla S, 3 and X), Leaf, BMW i3, Chevy Volt (and maybe the Prius Prime). And none of those (save for maybe the Model S were competitors to the Taycan.
Fast forward to current day, some 4-5 years later, there are many more options on the market in the Taycan price-range, from the existing Tesla, to the new Audi e-tron GT, MB EQS, to the BMW i7, to the Lucid. Add to that the expiration of subsidies and incentives, it's no surprise that the Taycan would experience some price deflation and resale price pressure.
Last edited by ipse dixit; Feb 18, 2023 at 03:49 PM.
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The problem with the EV resale market is - the technology in current EVs is very young, and will see rapid improvement in just a few short years. In 5 years, the battery will be half the weight, provide 25% more range, and charge in half the time. What's a current technology Taycan going to be worth in light of that? Expensive EVs aren't like expensive ICE cars, where the tech is basically fully matured. Once the battery technology inflection point is imminent, dump what you have right away or face a big resale hit on it. That doesn't apply just to the Taycan, it applies to Teslas as well.
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The problem with the EV resale market is - the technology in current EVs is very young, and will see rapid improvement in just a few short years. In 5 years, the battery will be half the weight, provide 25% more range, and charge in half the time. What's a current technology Taycan going to be worth in light of that? Expensive EVs aren't like expensive ICE cars, where the tech is basically fully matured. Once the battery technology inflection point is imminent, dump what you have right away or face a big resale hit on it. That doesn't apply just to the Taycan, it applies to Teslas as well.
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Yes, the current state of Lithium-ion batteries used in most EV's have not advanced significantly in weight or range (or SOC) in the past five years; however, the cost to produce them has significantly decreased -- so much so that you can now get a EV for 40k, or in price parity with pure ICE cars, which was not the case some 5 years ago. So if we include advancements in scale, production efficiency and cost, in the term "technology" then there has indeed been advancements.
Making things cheaper or more affordable to market to the masses is, in my opinion, an advancement in and of itself.
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The problem with the EV resale market is - the technology in current EVs is very young, and will see rapid improvement in just a few short years. In 5 years, the battery will be half the weight, provide 25% more range, and charge in half the time. What's a current technology Taycan going to be worth in light of that? Expensive EVs aren't like expensive ICE cars, where the tech is basically fully matured. Once the battery technology inflection point is imminent, dump what you have right away or face a big resale hit on it. That doesn't apply just to the Taycan, it applies to Teslas as well.
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Well, EVs are never going to gain widespread acceptance with 4500 pound weights and the current range/charging dynamics. The early adopters (mostly people who already have another ICE car) can get them to 15-20% of the market (with Tesla getting most of those sales), but some major improvements need to come to meet these government bans on ICE cars by 2030.
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The problem with the EV resale market is - the technology in current EVs is very young, and will see rapid improvement in just a few short years. In 5 years, the battery will be half the weight, provide 25% more range, and charge in half the time. What's a current technology Taycan going to be worth in light of that? Expensive EVs aren't like expensive ICE cars, where the tech is basically fully matured. Once the battery technology inflection point is imminent, dump what you have right away or face a big resale hit on it. That doesn't apply just to the Taycan, it applies to Teslas as well.
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The problem with the EV resale market is - the technology in current EVs is very young, and will see rapid improvement in just a few short years. In 5 years, the battery will be half the weight, provide 25% more range, and charge in half the time. What's a current technology Taycan going to be worth in light of that? Expensive EVs aren't like expensive ICE cars, where the tech is basically fully matured. Once the battery technology inflection point is imminent, dump what you have right away or face a big resale hit on it. That doesn't apply just to the Taycan, it applies to Teslas as well.
Racer
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From: NY
Here are my thoughts:
You should also consider:
R8 V10
Maserati MC20
Mustang Dark Horse with manual
BMW M2
Unless you really want to leave Porsche, highly recommend getting a 991 911 variant. These are great values and 911 is still the perfect sportscar.
- Mazda Miata MX5 - too small for me so never bothered test driving one.
- Chevrolet Corvette Z06 - on paper its an incredible value. I have not driven the C8 but C7 Z06 is garbage if you had a 911.
- BMW M4 - The styling alone is a big no. Its not raw enough for me unless you intend for this to be a daily, i would pass.
- Lexus LC - Great GT car and probably one of the best stock exhaust sound available on a new car. Its very fun to drive. Downside is Lexus brand and you can’t order a custom build.
- Subaru BRZ / Toyota 86 - I owned 1st gen BRZ, amazing value. Great handling, direct steering, plenty of room inside if you have long legs. Manual is great. Negative is the engine that lacks character.
- Aston Martin Vantage - The updated exterior and interior makes this a very compelling choice. It sounds great but seating position sucks compared to 911, hard to see out of it. I would get a CPO to minimize depreciation hit.
- Mercedes AMG SL 55 Roadster - i test drove new SL63 and was not impressed. Exhaust is muted and interior was not great to me. Much rather have 911 or Vantage.
You should also consider:
R8 V10
Maserati MC20
Mustang Dark Horse with manual
BMW M2
Unless you really want to leave Porsche, highly recommend getting a 991 911 variant. These are great values and 911 is still the perfect sportscar.
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OTOH, if you buy an EV that meets your requirements for range, features, etc. and keep it that evolution doesn't matter much. We've owned an Audi e-Tron for 5 years that has been virtually trouble free, does everything we need an everyday driver to do and is still going strong. Routine upkeep is nil and "fueling" costs are almost non-existent because we charge from our existing home solar/storage battery system. It may be a "battery powered computer...on wheels" but it's a well-made, luxurious, economical and relatively fast one.
